Webus International, a Chinese company listed in the U.S., just filed a Form 6-K with the SEC revealing plans to raise $300 million to invest entirely in XRP, Ripple’s native token.
They also mentioned a possible partnership with Samara Alpha to manage the funds — but no XRP has been purchased yet, and the plan depends entirely on fundraising.
📉 The twist? Webus' market cap is just a fraction of $300M, raising major doubts about the feasibility of this move.
Key Takeaways:
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No funds raised yet
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XRP not acquired
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No confirmed partnership
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High risks: small-cap firm, low revenue, no crypto experience
So… is this bullish for XRP? Maybe. But for now, it looks more like hype than substance.
